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Deal news in brief
01 December 2007
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Sri Lankan Airlines
A340-300
R Jet
Embraer
Air Canada
- Sri Lankan Airlines has closed a sale/leaseback deal for three A340-300 aircraft. Veling arranged the deal, while Alliance & Leicester underwrote the debt and HSH Nordbank took a 50% participation.
Law firm DLA Piper acted for the banks, Veling and the investors.
- R-Jet, a subsidiary of Republic Airways in the US, has closed a mortgage loan to finance one Embraer 175 aircraft. Bank of Scotland and Alliance & Leicester financed the deal.
Vedder Price is Alliance & Leicester's counsel.
- Air Canada has closed a $575 million predelivery payment financing for 10 777 aircraft, which will be delivered between November 2007 and November 2008. Calyon, NordLB and LBBW are joint underwriters. Calyon is facility agent. The deal comes after the appointment of Michael Rousseau as chief financial officer.
Rousseau, who replaces Joshua Koshy, joins the carrier from Hudson's Bay Company.
Piaggio Aero, an Italian aerospace manufacturer, has signed a €200...
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